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|  | 4.1.1 |  | The obligation of the Seller of each Aircraft to sell such Aircraft to the
relevant Purchaser shall be subject to fulfilment of each of Seller Conditions
Precedent applicable to such Aircraft on or prior to the applicable Delivery Date
(except to the extent that such Seller agrees in writing in its absolute discretion to
waive or defer any such condition). |
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|  | 4.1.2 |  | The Seller Conditions Precedent have been inserted for the benefit of each
Seller and may, in respect of any Aircraft, be waived in writing, in whole or in part
and with or without conditions, by the Seller of such Aircraft without prejudicing the
right of such Seller to receive fulfilment of such conditions, in whole or in part, at
any later time. |
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|  | 4.1.3 |  | If any of Seller Conditions Precedent in respect of an Aircraft remain
outstanding on the applicable Final Delivery Date and are not waived or deferred in
writing by the Seller of such Aircraft, such Seller may at any time after 5pm in London
on the applicable Final Delivery Date terminate the obligation of such Seller to sell
such Aircraft to the relevant Purchaser by notice to the relevant Purchaser, whereupon
none of the parties to this Agreement shall have any further obligation or liability
with respect to such Aircraft under this Agreement to any of the other parties to this
Agreement save that the relevant Seller shall refund the relevant Deposit plus interest
in accordance with the provisions of Clause 5.2.2 to the relevant Purchaser within
three (3) Business Days from the date of such notice by such Purchaser, and other than